. >> i think we're in an environment, scott, where you can have both. kind of as joe is saying now, can you have some money coming into the equities market, that's going to boost up the equities market but there will be demand for bonds i agree. >> we have a phenomenon now known as -- people are going to hate this -- bond-like equities where you have something like a johnson & johnson with a higher yield than its own ten-year bond. there are quite a few of those, multi-national companies, not susceptible to the risk of any one geographical location. they're being treated at bonds. i don't think that stops. >> pete, the debt ceiling debate is likely to get ratcheted up. all of these things are like live to keep a bid in bonds simply because of the volatility that will bring. >> how about the bid in something like the pharmaceutical sector, the utilities and murph brought it up earlier, when you can buy protection now and get yourself into positions that you think not only will increase but a case in like a merck, i've been in merck for a while, getting a